Research Nester has released a report titled “Smart Classrooms Market – Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the global smart classrooms market in terms of market segmentation by functionality, by component, by educational system, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global smart classrooms market is segmented by component into hardware, software and services, out of which, hardware segment is anticipated to hold the largest market share as smart classrooms are built with hardware as a base component. Without hardware, such as projectors, interactive displays, tables and others, building a smart classroom is incomplete. Apparently growing deployment of smart classrooms across educational instituted globally on the back of increasing preference for utilization of technology are some of the factors considered that are anticipated to contribute towards the growth of the segment in the global smart classrooms market. In the 2017 survey statistics on teacher’s classroom habits surveyed at 1001 U.S. full-time K-12 teachers by University of Phoenix, around 63% of K-12 teachers reported utilizing of technology into their classrooms. Among them, laptops and computers were the most frequently used resources.
The global smart classrooms market is anticipated to record a CAGR of 9.37% during the forecast period, i.e. 2020-2028. Growing competition amongst educational institutions for providing quality education, along with the growing need amongst students and parents to receive quality education from educational institutes are some of the factors anticipated to contribute towards the growth of the global smart classrooms market. Moreover, increasing need amongst faculties to mitigate the challenges observed in making their students understand what the module exactly means, along with the need for analysis of the student’s performance and raising productivity, and rising number of educational institutions worldwide are anticipated to add to the growth of the global smart classrooms market in the upcoming years. In the statistics by the National Center for Education Statistics, U.S. Department of Education, degree-granting institutions in the U.S. peaked to 4583 number of educational institutions from 3231 number of educational institutions in-between 1980-81 to 2015-16.
Regionally, the global smart classrooms market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, North America is anticipated to hold the largest market share owing to the presence of greater number of players in the smart classroom ecosystem, coupled with presence of several educational institutions in the region.
Growing Trend of Digitization in the Education Industry
Educational institutes around the globe are adopting to digital technologies to avail the benefits associated with the growing digital open learning platform. In today’s era, where education is not just limited to study from the books, students, parents and faculties are concerned with the way how to develop and inculcate the various learnings available in the smart classroom ecosystem. Smart classrooms help faculties understand and evaluate the performance of the students and raise their productivity. Moreover, with the IoT devices deployed in the smart classroom network, faculties are able to generate automated real-time feedback on the quality of lecture provided. In one of the other statistics of the 2017 survey on teacher’s classroom habits surveyed at 1001 U.S. full-time K-12 teachers by University of Phoenix, around 71% of teachers allowed students to research subjects using the internet, followed by 64% of the teachers using games and simulations to aid learning. Increasing trend of educational institutions to deploy and avail the benefits of smart classrooms in the education industry is anticipated to drive the growth of the global smart classrooms market.
However, concerns regarding lack of alertness for smart classrooms and the benefits associated to it amongst many educational institutes is anticipated to limit the growth of the global smart classrooms market.
The market also provides the existing competitive scenario of some of the key players of the global smart classrooms market, which includes company profiling of Microsoft Corporation (NASDAQ: MSFT), Dell Inc. (NYSE: DELL), Fujitsu Limited (TYO: 6702), IBM (NYSE: IBM), HP Development Company, L.P. (NYSE: HPQ), Apple, Inc. (NASDAQ: AAPL), Samsung Electronics Co. Ltd. (KRX:005930), Panasonic Corporation (TYO: 6752), Cisco Systems, Inc. (NASDAQ: CSCO), and Blackboard Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global smart classrooms market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.